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Earnings season is quickly winding down, and despite the wild stock market swings in recent weeks, corporate America has provided a steady stream of strong earnings to counter the doom-and-gloom headlines.

According to Capital IQ Consensus Estimates, S&P 500 earnings per share during the second quarter have grown 19.1% year-over-year, with 458 companies of the index reporting. Nearly 70% of those companies have beaten estimates: Leading the way is information technology and, surprisingly, consumer discretionary.

Medtronic (MDT) will give us a peek into the health of medical devices when it reports earnings this week. Capital IQ is expecting earnings of $0.79 per share, down slightly from the $0.80 in EPS the company reported last year.

We also get another look at how the top and bottom ends of the consumer market are faring when discounter Big Lots (BIG) and premium jeweler Tiffany & Co. (TIF) report. Capital IQ consensus estimates see earnings of $0.44 and $0.69 per share, respectively, for the two companies.

Be sure to check in for our take on these earnings reports as they're released this week and we wind down a wild earnings season.

Motley Fool contributor Travis Hoium does not have a position in any company mentioned. The Motley Fool owns shares of Medtronic and Wal-Mart Stores. Motley Fool newsletter services have recommended buying shares of Home Depot, Dell, and Wal-Mart Stores, as well as creating a diagonal call position in Wal-Mart Stores.

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lpi2007

If that's true, then why the hell are they laying everyone off... The only ones that are making money is the corporate thieves..... Everywhere you look you see empty houses and businesses.. This is only good news for wall street and not the American People.... Shadows of Kentucky,,, well Google it.....

Corporate America has been well insulated from this Depression, and the reason is that they can't lose. They are assured of solid consistent earnings (irregardless of consumer spending) since the products that they manufacture overseas in those rat trap sweat shops are produced so cheaply.

BSMost consumers wallets are CLOSED until Congress figures out that energy, out of pocket health care, food, insurance have TAKEN ALL of our left over income. Corporate America is setting on TRILLIONS while I have 270.00 dollars left over after all the bills are paid. TOTAL OUT OF TOUCH IDIOTS....PAY BACK IS HELL, YOU WATCH.

USA Consumers is not ''that'' alive....last time USA Cunsumers are real alive is around end of 70'is after that all is just CREDIT which USA Consumers don't pay in full every month othrwise if this not true USA Consumers wil not have this day's $2,4 Trillion personal debt without house debt...How in god sake can count spending for most of stuff from which is not pay in full end of month...enough lies just put real numbers from spending and count ONLY transactions with cash and with payed in full end of month from ''plastics''...and let's see after that buying power of USA Consumers...AMEN.....